Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Statements of Income

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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 170,394 $ 193,860 $ 347,291 $ 391,154
Costs and operating expenses:        
Selling, general and administrative expenses 730 479 1,549 923
Amortization of intangible assets 4,004 4,004 8,008 8,008
Total costs and operating expenses 156,539 178,855 321,843 361,953
Operating income 13,855 15,005 25,448 29,201
Interest expense, net 2,182 2,376 4,357 4,811
Income before income taxes 11,673 12,629 21,091 24,390
Provision for income taxes 2,922 4,822 5,288 9,290
Net income $ 8,751 $ 7,807 $ 15,803 $ 15,100
Basic earnings per share (in dollars per share) $ 0.80 $ 0.72 $ 1.45 $ 1.39
Basic weighted average common shares outstanding (in shares) 10,881,106 10,838,435 10,870,887 10,830,595
Diluted earnings per share (in dollars per share) $ 0.80 $ 0.72 $ 1.45 $ 1.39
Diluted weighted average shares outstanding (in shares) 10,918,927 10,861,769 10,907,777 10,855,632
Dividends declared per share (in dollars per share) $ 0.08 $ 0.07 $ 0.15 $ 0.13
Products        
Revenues:        
Total revenues $ 90,119 $ 89,254 $ 178,792 $ 178,271
Costs and operating expenses:        
Costs and operating expenses 75,834 74,222 150,560 148,928
Services        
Revenues:        
Total revenues 80,275 104,606 168,499 212,883
Costs and operating expenses:        
Costs and operating expenses $ 75,971 $ 100,150 $ 161,726 $ 204,094